$180 billion spent on royalty fees annually – Washington Post
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Dezeen Wire: the U.N. World Intellectual Property Agency has reported a rise in the amount paid as royalties and licensing fees from $2.8 billion to $180 billion in the last 40 years, representing a 60-fold increase – The Washington Post
The report shows that high income countries such as France, Germany, Japan, Britain and the United States continue to lead the way in research and development but that China’s share in the global market has risen from 2.2 percent in 1993 to 12.8 per cent in 2009.
Last week we reported on measures being taken by the UK government to improve intellectual property laws, designer James Dyson also raised the issue when he accused a Chinese manufacturer of copying one of his brand’s vacuum designs and Elle Decoration editor Michelle Ogundehin has criticised companies who reproduce classic products.
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